Flexport was founded in March 2013 by Ryan Petersen. According to the Motley Fool as of December 2023, Flexport has not announced an IPO. The Motley Fool reported, “The company's current focus is on returning to profitability, which it aims to achieve by the end of 2024 or early 2025. Once it reaches sustainable profitability, it will likely pursue an IPO so that the venture capital funds holding its shares can begin exiting their investments.” Flexport has not publicly endorsed a plan to participate in an IPO.
Flexport is a freight forwarder and licensed customs brokerage looking to add a layer of software to increase visibility and efficiency to the global trade system. Per Forge data, Flexport has raised a total of $2.4 billion in funding over 18 rounds. Their latest funding was raised on May 4, 2023. Key investors include DST Global, Founders Fund, Shopify, SoftBank Vision Fund, MSD Partners, and S.F. Express.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/24/2022 | Series E | $935MM | $xx.xx | $8B | Andreessen Horowitz, Dst Global, Founders Fund, Fpv Ventures, Kevin Kwok, Msd Partners, Shane Neman, Shopify, Softbank Vision Fund 1, Wolfswood Partners | |
Price per Share
$xx.xx
Shares Outstanding
442,288,383
Liquidation Pref Order
--
Liquidation Pref As Multiplier
--
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Dst Global, Founders Fund, Fpv Ventures, Kevin Kwok, Msd Partners, Shane Neman, Shopify, Softbank Vision Fund 1, Wolfswood Partners
|
||||||
08/16/2019 | Series D | $1B | $xx.xx | $3.2B | Cherubic Ventures, Dst Global, Founders Fund, Sf Express, Softbank Vision Fund, Susa Ventures | |
Price per Share
$xx.xx
Shares Outstanding
390,595,929
Liquidation Pref Order
--
Liquidation Pref As Multiplier
--
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cherubic Ventures, Dst Global, Founders Fund, Sf Express, Softbank Vision Fund, Susa Ventures
|
||||||
09/21/2017 | Series C | $159.68MM | $xx.xx | $953.3MM | Dst Global, Founders Fund, G Squared, S.F. Express, Susa Ventures | |
Price per Share
$xx.xx
Shares Outstanding
45,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dst Global, Founders Fund, G Squared, S.F. Express, Susa Ventures
|
||||||
09/25/2016 | Series B-2 | $125,000.00 | $xx.xx | $320.11MM | 8vc, Bloomberg Beta, Felicis Ventures, First Round Capital, Founders Fund, Susa Ventures | |
Price per Share
$xx.xx
Shares Outstanding
183,381
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Bloomberg Beta, Felicis Ventures, First Round Capital, Founders Fund, Susa Ventures
|
||||||
09/25/2016 | Series B-1 | $60.46MM | $xx.xx | $380.57MM | 8vc, Bloomberg Beta, Felicis Ventures, First Round Capital, Founders Fund, Susa Ventures | |
Price per Share
$xx.xx
Shares Outstanding
33,479,547
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Bloomberg Beta, Felicis Ventures, First Round Capital, Founders Fund, Susa Ventures
|
||||||
08/07/2015 | Series A | $28.79MM | $xx.xx | $102.54MM | 7percent Ventures, A-Grade Investments, Bloomberg Beta, Ceyuan Ventures, Cherubic Ventures, Felicis Ventures, Fenway Summer Ventures, First Round Capital, Fj Labs, Founders Fund, Fuel Capital, Google Ventures, Initialized Capital, Susa Ventures, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
42,231,600
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7percent Ventures, A-Grade Investments, Bloomberg Beta, Ceyuan Ventures, Cherubic Ventures, Felicis Ventures, Fenway Summer Ventures, First Round Capital, Fj Labs, Founders Fund, Fuel Capital, Google Ventures, Initialized Capital, Susa Ventures, Y Combinator
|
Last Funding Round | ||||||||
---|---|---|---|---|---|---|---|---|
Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
Cerebras | $40.08 | +9.9% | $xx.xx | Series F-1 | $2.84B | $xx.xx | $85MM | |
CoreWeave | $1,149.84 | +18.78% | $xx.xx | Series C | $19B | $xx.xx | $1.15B | |
Chime | $24.86 | -0.04% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B | |
Klarna | $370.00 | -1.33% | $xx.xx | Unknown | $6.7B | $xx.xx | -- | |
Turo | $13.55 | +4.47% | $xx.xx | Series E | $1.24B | $xx.xx | $240.52MM | |
Circle | $24.71 | +2.49% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM | |
Netskope | $11.07 | +2.98% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM | |
Liquid Death | $9.47 | -0.11% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM | |
Cohesity | $15.66 | -18.31% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM | |
MNTN | -- | -- | $xx.xx | Series D | $2.21B | $xx.xx | $119MM |
Updated on: Jan 14, 2025
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